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Update news stock market
The benchmark Vn-Index rose 4.1% in April and is up 12.4% year-to-date, outperforming the global emerging markets (GEMs), the Asia ex-Japan, and frontier market indices.
The stock market is the driving force for listed companies to strongly issue shares to increase capital. However, it is when unprofitable listed companies scramble to issue volumes of shares that the market becomes susceptible to facing many risks.
As the market benchmark VN-Index broke the psychological level of 1,200 points, along with many positive outlooks about the market, securities firms set big growth targets for 2021.
A series of listed businesses on the stock market have announced plans to expand and tap real estate investment.
The owner of Xuan Thanh Group is likely to be a powerful boss at LienVietPostBank. After being involved in cement and real estate, the most powerful tycoon in Ninh Binh province has entered the financial sector.
Nguyen Thi Phuong Thao, Cao Thi Ngoc Dung, Dang Thi Hoang Yen and Nguyen Thanh Phuong were in the news last week.
Realtors and securities investors have been pocketing big money in recent months.
The sudden surge in individual investors that had inundated the stock markets throughout last year has not waned in the first two months of 2021, with the VN-Index exhausting at a historical peak of 1,200 points.
Bank tickers will remain in the spotlight, with investors racing to capitalise on bright profit prospects.
The VN-Index set an all-time high record recently, reaching over 1,230 points and daily liquidity totaling around $1 billion.
This would be the first step for Vietnam’s state firms to list shares on international stock exchanges.
The Hochiminh Stock Exchange (HoSE) has decided to put the HVN stock of Vietnam Airlines on the warning list from April 15 as its 2020 after-tax profit was reported at negative VND10.9 trillion.
Strong involvement of individual investors and participation of new foreign fund would help offset the net selling trend of foreign investors.
Bao Viet Securities Company (BVS) expects Vietnam's stock market might attract up to US$1.4 billion from index tracking funds, if Vietnam is officially upgraded to a secondary emerging market by FTSE.
Encouraged by the prosperity gained in 2020, the biggest commercial banks in Vietnam target making a profit of VND1 billion this year.
Many new investors have made high profits after the stock market reached a record high.
Vietnam's stock market recorded a week-long rally with the benchmark breaking through 1,200 points and continuously hitting new highs.
The new information technology system for the entire stock market, known as KRX, is expected to be put into operation this year, according to the Ho Chi Minh Stock Exchange (HoSE).
Vietnam’s stock market capitalisation on Ho Chi Minh Stock Exchange (HOSE) as of March 31 skyrocketed 93.56 percent year-on-year to more than 4.46 quadrillion VND (193.72 billion USD), HOSE said.
The capitalization value of some banks has increased by one billion dollars within a short time.